David Druley was named chairman and CEO of Cambridge Associates, spokesman Eric Mosher said.
Effective July 1, he replaces Sandra A. Urie, who will serve as chairwoman emeritus and remain on the board in an advisory role.
Mr. Druley was president and head of global investments at Cambridge. He is being replaced by Philip Walton, head of Cambridge's private client practice. Mr. Walton also will retain his current position.